The Finance Department says Flaherty is scheduled to hold a news conference on Thursday at 8:15 a.m. (1215 GMT).! B, m( n0 q/ K+ C: F
8 [6 S7 d) ~$ Q+ a# Y# C; c- uA government official, who spoke on condition of anonymity, said the government will reduce the maximum amortization period of a mortgage to 25 years from 30 years, and lower the level of home equity that can be borrowed against to 80 percent from 85 percent.: U3 E. d0 f& E! \, O